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1. This is a very U.S.-centric view, not everybody has access to FDIC 2. The US has been the economic leader of the world for those hundred years, so of course
by jonfw 4y ago
1. This is a very U.S.-centric view, not everybody has access to FDIC
2. The US has been the economic leader of the world for those hundred years, so of course nobody is losing money under the FDIC. But no guarantees on how long that will last
- dragontamer 4y ago> The US has been the economic leader of the world for those hundred years, so of course nobody is losing money under the FDIC. But no guarantees on how long that will last We're on track to people losing 100% of their stablecoins at some crappy fake online bank every 4 or 5 _months_. Celsius, Gemini, FTX. Who is next? Your money was safer in Argentina than in FTX or LunaCoin.
- Gwypaas 4y ago> 1. This is a very U.S.-centric view, not everybody has access to FDIC Similar mechanism exists globally. Have a read: https://en.wikipedia.org/wiki/Deposit_insurance https://en.wikipedia.org/wiki/Deposit_insurance